Post-Spill Gulf Coast State Credits Keep Stable Ratings, Moodys Says

BRADENTON, Fla. — Seven months after the largest oil spill in U.S. history, the credit ratings of state and local government bond issuers in the Gulf Coast region have remained stable, according to Moody’s Investors Service.

Moody’s said potential damaging affects on employment, property values, and tourism in the impacted states — Louisiana, Mississippi, Alabama, and Florida — appear to be offset by BP’s cleanup efforts and reimbursements to the region.

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